Home improvement refers to the renovation, repair, modernization, decoration or alteration of a residential or noncommercial property. It includes, but is not limited to, painting, wall coverings, wallpaper, tiling, flooring, lighting, air conditioning and heating, plumbing, sewage systems, roofs, gutters, driveways and fences.
The most popular home improvements are sparkling bathroom overhauls, followed by kitchen and basement remodels. While these projects can add value to your home, they aren’t a guarantee that you’ll get your money back when it comes time to sell.
Ultimately, the best reason to renovate your home is for your own comfort and enjoyment. However, you should always consider the potential impact on your resale value. Before you start, talk to a real estate agent in your area about what kinds of upgrades will help sell your house and make it stand out against other listings.
It’s also important to find a quality contractor for your home improvement project. Ask for referrals and check their licenses. In New York, a licensed home improvement contractor must be insured for up to $5 million in coverage.
Before you sign a contract, make sure that your contractors have a written agreement with a payment schedule and as many details as possible about the work to be done. The agreement should also include a timeline for when the project will be completed and all required inspections and certificates of occupancy will be obtained. For more information about finding a licensed contractor, click here.